Momentum builds up for inclusion of real estate in GST

Momentum is building for inclusion of real estate within the ambit of the goods and services tax (GST) with several states backing finance minister Arun Jaitley’s recent suggestion that the new indirect tax system was the answer to tax evasion and flow of unaccounted wealth in the sector. The states of Delhi, Jammu and Kashmir and Bihar have already signalled their support for Jaitley’s suggestion…